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Self Organizing - Host a FHA Learning Session

Self Organizing - Host a FHA Learning Session

Overview
Homebuyers have many reasons to research an FHA home purchase loan. The loan is guaranteed by the government, making an application more attractive to lenders. First-time homebuyers often explore FHA loan options because it’s easier them to qualify for mortgage. Through this project, you can help people understand the benefits of an FHA loan and how to qualify.

Supporting Organization

  • Local nonprofits
  • Community centers
  • Affordable Housing Department

Materials

  • Lesson Plan for FHA training
  • Access to computer and printer for handouts

Instructions

  • Identify a location where you can teach a class or tutor individuals on FHA loans.
  • How to get people to attend:
    • Online Invitations – create an evite and send to local nonprofits, neighborhood planning associations, neighborhood associations, Community Affairs representative of corporations in your area, colleges and faith-based organizations.  You may want to give a courtesy call to the businesses and organizations to obtain the best e-mail address.
    • Tangible Invitations – make the invitations and mail or distribute to the businesses and organizations listed above.
    • Be sure to include the following information in your invitation:
      • Brief description of purpose of this project
      • Your name, phone number and e-mail address or social media information (e.g., FB, Twitter, etc.)
      • Date/Time
      • Location
      • State that the course is FREE!
      • Quote of inspiration about the power of knowledge
  • Develop a training session to discuss the following:
  • Prepare and distribute handouts with the information discussed and resource links. http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure
    http://www.hud.com/

Reflection
After your volunteer project, it is important to reflect on the experience – to think about what you did, what you learned from it and the impact it had. Here are some suggested activities:

  • Tell your family and friends about something you learned and if/how you will continue to help others.
  • Draw a picture, write a poem or create a jingle about the service activity.
  • Write about your experience on your blog, FaceBook or Twitter.
  • Write a letter to the editor to discuss your experience and encourage others to serve.
  • If you’re working with a group of volunteers to do this project, lead a group discussion with questions such as:
    • Why did you volunteer today?
    • What did you learn about FHA loans, buying a home or helping others?
    • What is one thing you will remember most about this service activity?
    • How can you continue to make a difference in our community?